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Asia

Factoring – unlocking MSMEs growth in the Philippines

Micro, Small, and Medium Enterprises (MSMEs) make up 99.5 per cent of businesses in the Philippines, with a significant portion in the service sector. In 2024 alone, 86 per cent of newly registered corporations—over 44,000—were service-based. Despite their economic importance,...

#factoring#Personal Property Security Act#Securities and Exchange Commission

LOLC Al-Falaah launches Sri Lanka’s first Shariah-compliant factoring solution

LOLC Al-Falaah, a leading provider of alternative financial solutions in Sri Lanka, has launched "Al-Falaah Wakalah Future-Cash," the country’s first…

#Al-Falaah Wakalah#factoring#factoring facility


IFC, SECO strengthen partnership to bolster SCF in Vietnam

To boost the competitiveness of Vietnamese smaller businesses, IFC, the Embassy of Switzerland, local authorities and business stakeholders celebrated the…

#IFC#scf#SECO


Spenda completes the sale of its invoice finance portfolio

Spenda Limited (Spenda or the Company), an Australian software company with embedded electronic payment solutions for supply chains and trading…

#Graple Invoice Finance#invoice finance#Spenda


WFY’24: ‘Factoring is Turkey’s second largest financial industry after...

The Turkish economy grew by 4.5 per cent in 2023, according to official figures. Filiz Ünal, Deputy Secretary General, Factoring,…

#factoring#Filiz Ünal#The Association of Financial Institutions


Vayana secures NBFC licence, eyes US$20m funding for expansion

Indian-based supply chain finance firm Vayana has secured a non-banking finance company (NBFC) licence from the Reserve Bank of India…

#NBFC licence#RBI#supply chain finance


M1xchange simplifies corporate onboarding with DIY digital registration

M1xchange, India's leading RBI-licensed TReDS platform, has seen a 150 per cent surge in corporate onboarding, driven by the government…

#DIY Digital Buyer Onboarding#invoice finance#KYC


IBK signs MOU with Commerzbank to boost SME growth...

IBK Industrial Bank has signed a memorandum of understanding (MOU) with Commerzbank AG of Germany to strengthen support for small…

#Commerzbank#IBK#IBK Industrial Bank


Bizcap joins AFG’s lending panel, expanding SME finance options

Bizcap has officially joined the Australian Finance Group’s (AFG) lending panel, enhancing the range of funding solutions available to brokers…

#AFG#Australian Finance Group#BizCap


ITFC and Mutual Trust Bank to boost trade finance...

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, and Mutual Trust Bank…

#ITFC#Mutual Trust Bank#Nazeem Noordali


Deutsche Bank and K-Sure inks US$20m invoice discounting deal

In a move signifying strong support for Korean companies expanding globally, Deutsche Bank South Korea, in collaboration with The Korea…

#Deutsche Bank#invoice discounting#K-Sure


Funding Societies and Boss Boleh partner to boost digital...

Funding Societies, a Singapore-based digital finance platform, has partnered with Malaysian online company secretary provider Boss Boleh to offer digital…

#Boss Boleh#digital invoive finance#e-invoicing

ICB of Tajikistan and KazakhExport forge strategic partnership for...

In a landmark move to strengthen economic ties and facilitate seamless trade between Tajikistan and Kazakhstan, the Investment Credit Bank…

#ICB#Investment Credit Bank#Investment Credit Bank of Tajikistan

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